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3032 N Roosevelt Boulevard, Key West, FL 33040

$2,280,000
Property Type: Commercial Lot Size (sq. ft.): 24,900 Status: Closed
Current Price: $2,280,000 List Date: 3/16/2010 Last Modified: 9/09/2024

Overview

Description

Approximately 1.5 years remaining on current 5 year option term. Five additional 5 year option terms potentially. 4% increases every November. AAA rated tenant already in place for the past 23 years. Parent company, Tasco, a fortune 500 company. Strong monthy income with absolute net rent. Owner need not be conerned about maintenance, repairs, painting, etc. No management needed, check is in the mail. Tenant has the Right of First Refusal.

Listing Details MLS# 112684

Location, Tax & Legal

Street #
3032
Direction
N
Street Name
Roosevelt
Street Suffix
Boulevard
Key/Island
Key West
State/Province
FL
Zip Code
33040
Subdivision
New Town - Unlisted (2.0)
Area
03 - Key West
KW Neighborhood
New Town
City
KEY WEST
Mile Marker
2.5
Side
Bay/Gulf
Alternate Key #
1068535
Bldg Nbr
No
Legal
see listing office
Taxes
10950.01
Tax Year
2009

Contract Information

Listing Board
Key West Association
Range Pricing
No
Limited Representation
No
As is Rght to Inspct
Yes
For Sale/Lease
For Sale
Potential Short Sale
No

General Property Description

Realtor.COM Type
Commercial
Style
Commercial
Lot SqFt
24900
Waterfront
No
Business Name
Circle K
Year Established
1987-01-01
# Stories
Yes
Total # Buildings
Yes
Building SqFt
2549
Year Built
1961
# Parking Spaces
No
Building Ht. Ft.
0

Status Change Info

Sold Date
2011-04-01

Association Info

Mandatory Home Owners Asc
No
Association Fee $
0

Financial Status

Potential Short Sale
No

More Information

Remarks & Misc

Remarks – Consumer
Approximately 1.5 years remaining on current 5 year option term. Five additional 5 year option terms potentially. 4% increases every November. AAA rated tenant already in place for the past 23 years. Parent company, Tasco, a fortune 500 company. Strong monthy income with absolute net rent. Owner need not be conerned about maintenance, repairs, painting, etc. No management needed, check is in the mail. Tenant has the Right of First Refusal.

Deed Restrictions

Unknown
Yes

Dockage

None
Yes

Property Info

Gross Annual Expense
0
NOI
0

Waterview

Bay/Gulf View
Yes

Floor

Vinyl
Yes

Construction

CBS
Yes

Land Size

1/2 - Less Than 1 AC
Yes

Utilities

FKAA
Yes
Municipal Sewer
Yes

Title

Title Ins - Seller
Yes

Miscellaneous

Highway Frontage
Yes

Tenant Paid

Electric
Yes
Garbage
Yes
Insurance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Property Features

Deed Restrictions: Unknown Waterview: Bay/Gulf View Dockage: None Utilities: FKAA; Municipal Sewer Miscellaneous: Highway Frontage Construction: CBS Floor: Vinyl Land Size: 1/2 - Less Than 1 AC Title: Title Ins - Seller Tenant Paid: Electric; Garbage; Insurance; Sewer; Taxes; Water
Listing Office: SBX Real Estate, LLC (KW)
Last Updated: September - 09 - 2024
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